Goods and Services Tax or GST is an indirect tax that was rolled out on July 1, 2017. It is levied on the supply of goods and services across the country. It has brought about a uniformity in the indirect tax structure by replacing all the indirect taxes that existed in the pre-GST regime such as VAT, service tax, Excise duty, etc. Simply put, GST has incorporated the concept of "One nation One Tax."

• Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input Tax Credit (ITC) for the taxes on his inward supplies.
• Without registration, a person can neither collect tax from his customers nor claim any credit of tax paid by him.
• Entities with an annual turnover of 20 lakhs INR (10 lakhs INR in case of north-eastern states) and above would be required to register under GST.
• The eligible entities must file GST application within 30 days from the date on which the entity became liable for registration under GST law.

If a person fails to pay tax, he has to pay a penalty of 10% of tax due or subject to a minimum of 10,000 INR. Apart from that, if the person is not registered under GST, then a penalty of 100% of the tax amount due has to be paid.

• Aadhaar card
• Address proof of the place of business
• Bank account statement/cancelled cheque
• Identity and Address proof of Promoters/Director with photographs

• Digital Signature
• Proof of business registration or incorporation certificate
• Letter of Authorization/Board Resolution for Authorized Signature
• PAN Card of the Business or Applicant